Commons Capital LLC Takes Position in Telefônica Brasil S.A. (NYSE:VIV)

Commons Capital LLC acquired a new stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 73,000 shares of the Wireless communications provider's stock, valued at approximately $551,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Crossmark Global Holdings Inc. boosted its stake in Telefônica Brasil by 6.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 33,832 shares of the Wireless communications provider's stock worth $256,000 after purchasing an additional 2,106 shares during the period. GAMMA Investing LLC boosted its position in shares of Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider's stock worth $29,000 after buying an additional 1,543 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Telefônica Brasil by 50.2% during the third quarter. JPMorgan Chase & Co. now owns 63,518 shares of the Wireless communications provider's stock worth $652,000 after buying an additional 21,235 shares in the last quarter. DGS Capital Management LLC raised its position in Telefônica Brasil by 3.1% in the 3rd quarter. DGS Capital Management LLC now owns 65,781 shares of the Wireless communications provider's stock valued at $676,000 after buying an additional 1,984 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Telefônica Brasil by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 47,321 shares of the Wireless communications provider's stock valued at $450,000 after acquiring an additional 2,511 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VIV. StockNews.com upgraded shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Thursday, January 9th. Barclays boosted their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an "equal weight" rating in a research report on Monday, November 25th. The Goldman Sachs Group decreased their price objective on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a report on Thursday, December 19th. Finally, New Street Research lowered Telefônica Brasil from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Telefônica Brasil has an average rating of "Moderate Buy" and a consensus price target of $10.47.

Telefônica Brasil Stock Performance

Shares of VIV traded up $0.21 during midday trading on Wednesday, reaching $8.47. The stock had a trading volume of 722,528 shares, compared to its average volume of 966,656. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $8.20 and a 200-day simple moving average of $8.96. The firm has a market cap of $13.99 billion, a PE ratio of 13.44, a P/E/G ratio of 0.75 and a beta of 0.78. Telefônica Brasil S.A. has a one year low of $7.47 and a one year high of $11.43.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. As a group, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

About Telefônica Brasil

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.